Avana Electrosystems Ltd
Incorporated in 2010, Avana Electrosystems Limited is engaged in manufacturing of customised Control and Relay Panels.[1]
- Market Cap ₹ 317 Cr.
- Current Price ₹ 140
- High / Low ₹ 183 / 60.1
- Stock P/E 27.1
- Book Value ₹ 26.1
- Dividend Yield 0.00 %
- ROCE 38.1 %
- ROE 28.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 112% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
| Sep 2025 | Mar 2026 | |
|---|---|---|
| 36 | 48 | |
| YoY Sales growth | ||
| 28 | 39 | |
| Operating Profit | 8 | 9 |
| OPM % | 21% | 18% |
| 1 | 0 | |
| Interest | 0 | 0 |
| Depreciation | 0 | 0 |
| Profit before tax | 7 | 8 |
| Tax % | 24% | 28% |
| 6 | 6 | |
| EPS in Rs | 3.21 | 2.70 |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 23 | 15 | 20 | 28 | 53 | 61 | 84 | |
| Sales growth | -34% | +37% | +39% | +87% | +16% | +36% | |
| 21 | 14 | 20 | 26 | 46 | 50 | 68 | |
| Operating Profit | 1 | 1 | 1 | 2 | 7 | 12 | 16 |
| OPM % | 6% | 4.3% | 3.8% | 7% | 13% | 19% | 19% |
| 1 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 2 | 0 | 1 | 1 | 6 | 12 | 16 |
| Tax % | 22% | 26% | 27% | 21% | 31% | 28% | 26% |
| 1 | 0 | 0 | 1 | 4 | 8 | 12 | |
| EPS in Rs | 0.63 | 0.15 | 0.23 | 0.53 | 2.30 | 4.84 | 5.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 43% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 113% |
| 3 Years: | 133% |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 35% |
| Last Year: | 29% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.88 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 23 |
| Reserves | 8 | 8 | 8 | 9 | 13 | 21 | 36 |
| 2 | 4 | 5 | 7 | 9 | 6 | 1 | |
| 6 | 5 | 7 | 12 | 15 | 21 | 25 | |
| Total Liabilities | 17 | 17 | 20 | 29 | 38 | 48 | 85 |
| 2 | 2 | 2 | 2 | 4 | 3 | 5 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 | 15 | 18 | 27 | 34 | 45 | 75 | |
| Total Assets | 17 | 17 | 20 | 29 | 38 | 48 | 85 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -0 | 1 | 0 | -0 | 1 | 6 | 8 | |
| -0 | -0 | -0 | -1 | -1 | -1 | -9 | |
| 1 | -2 | -1 | 2 | 1 | -4 | 20 | |
| Net Cash Flow | 1 | -0 | -1 | 1 | 1 | 0 | 18 |
| Free Cash Flow | -0 | 1 | 0 | -0 | -1 | 6 | 1 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 29% | 214% | 30% | -1% | 37% | 67% | 72% |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 111 | 124 | 143 | 102 | 126 | 97 |
| Inventory Days | 113 | 169 | 166 | 173 | 134 | 167 | 164 |
| Days Payable | 85 | 121 | 91 | 129 | 76 | 105 | 97 |
| Cash Conversion Cycle | 103 | 160 | 199 | 187 | 160 | 188 | 164 |
| Working Capital Days | 69 | 83 | 68 | 79 | 56 | 108 | 105 |
| ROCE % | 7% | 8% | 13% | 35% | 50% | 38% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Capacity Utilization - Control & Relay Panels (Unit II) % |
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| Capacity Utilization - Relays (Unit 1) % |
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| Production Volume - Control & Relay Panels (Unit II) Number of Units |
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| Production Volume - Relays (Unit 1) Number of Units |
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| Sales Channel Mix - Private Players / OEMs (% of Revenue) % |
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| Number of Customers Number of Customers |
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| Revenue Concentration - Top 10 Customers % |
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| Order Book (Pending) INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Updates
- Dobaspet integrated manufacturing unit commercial operations now expected by end-December 2026.
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Updates
- Received occupancy certificate for Dobaspet integrated manufacturing unit on October 17, 2026; commercial production preparation continues.
-
Updates
- Avana Electrosystems replied to NSE price-movement query, stating no additional price-sensitive information exists.
-
Integrated Filing- Governance
- Quarter ended 30 September 2026 investor grievance report shows nil complaints and nil pending cases.
-
Price movement
- Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
Business Profile[1]
Avana Electrosystems Limited manufactures Control & Relay Panels and Relays used in power system protection, monitoring, and automation. The company supplies customized solutions for transmission and distribution substations, power generation plants, solar and wind projects, and utility substations.